New Britain Herald Newspaper, April 1, 1929, Page 15

ONLY RAIL BONDS SHOWING STRENGTH Pressure in Market Reflects Con- ditions in Stock List New York, April 1 (—Converti- bles today broke sharply in the bond market, after the three day Easter holiday, as heavy selling marked the resumption of trading In stocks. The rails were the only group to show strength in the carly trading. Anaconda Copper 7s slipped back 9 points to 236, and International Telephone & Telegraph more than 5. Both have tallied sharp gains in recent weeks on increased prices of copper and merger rumors, respec- tively, The investment trusts also were under pressure, International b 1-2s and Alleghany corporation bs losing ground. In the speculative rails, St. Paul adjustment 5s lost a point and Atchison convertible ¢ 1-2s were off fractionally. Strength was dis- played by Chesapeake & Ohio ¢ 125 A” and convertible 4 1-2s, Boston & Maine 58 and Brooklyn Manhat- tan Transfer 6s of the New York tractions. The largest issue of state bonds In scveral months made its appearance today with the offerings of $28,000,- 000 state of Arkansas 5 per cent highway and toll bridge bonds. The bonds are priced to yield 4.75 per cent, MRS. ZIMMAN, PROMINENT JEWESS, PASSES AWAY Deccased Had Been Active Charity Worker in Several Fields— Burial Yesterday Mrs. Mamie Zimman, 48 years ©ld, a member of one of the most prominent Jewish fargilies in this city where she had lived since she was five years of age, died late Sat- urday night at her home, 20 Haw- kins street, following a short Children's Home and the Home for the Aged in' Hartford. Bhe was also a4 member of the Congregation Brethren Sons of Israel Synagogue. Surviving her are her husband, Myer Zimman, prominent real-es- tate agent ingthis city; two daugh- ters, Mrs, Dorothy I. Schupack who was married to Dr. S8amuel! 8chu- pack on March 3 and another daughter, Miss Lillian Zimman, both of this city and her father, Joseph Fine of New York city. The funeral, which was held yes- terday afternoon, wi largely at- tended. Numbered among the gath- ering were friends whom she maae shortly after ahe came to this city, fraternal associates, and relatives. In the absence of Rabbi Gershon Hadas the services were conducted by Cantor Marwit. "Burial was in Beth Alom cemetery. CURB QUOTATIONS BREAK ABRUPTLY General Decline Sbared By All Except Oil Shares New York, April 1 P—Prices fell away rapidly on the curb market to- day, under the accumulation over the three day holiday of a large vol- ume of selling orders, prompted by the continued uncertainties in the credit situation. Ford of Canada, as usal of late, moved over a wide range, falling from 1120 to 1030. Deere dropped 24 points to 570 before midday. Gold- man Sachs trading lost 8 points, and United Aircraft 5. Auburn Auto lost 9 points. Oil shares showed resistance in spots to the wave of selling. Humble was firm and imperial and held steady. Gulf, however, dropped 7 points and Indiana yiclded 2 points. With the exception of American Light and Traction, which advanced more than 3 points, utilities were conspicuously weak. United Gas im- provement sold off & points, and Electric Bond & Share and Electri investors more than 6. | In the mines, Newmont was weak again, losing 7 points, Angeles to Europe in 80 hours, | with the model. ‘|ary to 40,170 tons compared with This model of a giant air liner, proposed to carry 500 pas- sengers and to travel at a speed that would take it from Los is being exhibited in Los | Angeles by Claude H. Freese, its designer. The liner com- bines features of dirigible and airplane, with eight gasoline | motor and a bag that holds 5,000,000 cubic feet of gas. A compressed air safety device would support the ship in case of accident by creating a vacuum. Mr. Freese is shown here | Mrs. Arthur Goodrich Mrs. Alice Isabelle Goodrich, 56 Deaths Mrs. John O'Brien of John O'Brien of 159 |following an illness of two weeks. |She was about 55 years old. Born in Hariford, she came to this rly age and lived here rs. he was a daugh- ter of Mr. and Mrs. James Glyna and was a member of ll\ Mrs. Bridget (Glynn) O'Brien, wife | hut Tremont street died this morning at her home Knights | years old, wife of Arthur E. Good- | rich died this morning at her home |in West Cromwell where she had { been living for the past four years. She was born in Williamsburg, Fa. lived on Stanley street in this city for 18 ye s. She went to | West Cromwell after she left New | Britain, | Surviving her are her husband, | three daughtars, Mrs. Edward Neu- | rath, Mrs. Russell Heller, both of this city and Miss Sarah Goodrich of West Cromwell; four sons, Lester E Ernest F and Arthur E. Goodric Wall Street Briefs Refined copper exports from the United States decreaséd in Febru- 44,999 in January. Lead exports totaled 6.942 against January exports of 7.431 tons. The United States Steel Corpora- tion distributed its first 1929 quar- terly dividend to 103,571 common | stockholders, an increase of 2,757 | over the December list. A year ago | stockholders numbered 97,443. Aver- age holdings were (8.7 common shares against 70.6 in December. In addition, the steel corporation had 65,979 preferred stockholders at the closing of its books for the February ?vidend, compared with 67,113 threc months previously. Shell Easton Oil company has ad- vanced the price of Diesel oil five cents a barrel to $2.05. The plan for exchange of. stock of | Simms Petroleum company for stock | of the Pennok Oil corporation has been declared effective through de- posit of more than 51 per cent stock o fthe outstanding Pennok stock. However, the offer for exchange of one share of Simms stock for each four Pennok shares has been ex- | tended to April 30. The annual report of General Mo- tors corporation discloses plans for giving the rank and file of its em- ployes a partnership relation to the corporation by affording them op- portunity to “participate financially | in some form or other, depending| upon position ,in the progress of the corporation.” General Motors' pros- perity already is credited with de- velopment of a hundred, or more, millionaires among its highest ex- ecutives. Widening of this profit- sharing policy will enable General Motors to provi@le for its aging em- | ployes. | The average price of crude petro- leum in 10 producing fields was un- | changed last week from the preveus week to $1.65 a barrel, says Oil, Paint and Drug Reporter. A year ago the| price was $1.43 a barrel .Gasoline at refineries was higher at 8.31 cents a gallon against $.22 cents the pre-| vious week while service prices| lover the drop of {in brokers' loans, |selling orders that specialists found | DOWNWARD TREND HIS WALL STREET Market Slumps At Opening and Weakness Continues | New York, Aprit 1 ® — Large ! selling orders came into the stock market over the week-end, and prices moved sharply lower at the opening of today's session. Radio opened with a block of 10,- 000 shares at 102, off 4 1-2. Initial declines of 2 to 4 1-4 points were registered by General Motors, In- ternational Combustion, Kroger | Stores and Columbia Graphophon= A call money renewal rate of 10 per cent, compared to 15 on Thurs- day, failed to instil any cheer into the market, and prices continued to | skid under a flood of seliing during the forenoon. General Electric sold off more than 10 points. Radio touched 97, off 9 1-2 points. and such shares as American Telephone, | Anaconda Copper, Greene Cananea and Electric Auto Lite, lost about 9 points each. Issues falling from | 5 1-2 to 6 1-2 points included Amer- ican Can, U. S. Steel, Kennecott, | Bethlehem, Montgomery Ward and Johns Manville. | Several disturbing market factors developed over the week-end to in- | fluence a resumption of the selling | movement. Senator King's proposal | for an investigation of stock specu- | lation, coupled with suggestions from | other quarters that legislation be | enacted to prevent Federal Reserve | member banks from making loans | to finance margin accounts, un- doubtedly inspired heavy liquidation. Wall street also was disappointed only $144.000,000 which failed to | offset the increase of the week be- fore, { So great was the accumulation of it necessary to bunch many of therm | into blocks of 5,000 to 12.000 shares. | General Motors opened with a block of 12,000 shares, U. 8. Steel com. | mon with a block of 10,000 shares, | and several other recent speculative | favorites changed hands in blocks | of 5,000 to 8,000 shares. [PUTNAM & CO, . H‘IIUY"WHH* i MAIN ST., NEW BRITAIN 2040 : ' 31 WEST We Offer: Globe Underwriters Exchange, Incorporated CAPITAL STOCK Circular Will Be Mailed Upon Request Price $25 Per Share EDDY BROTHERS & & Members Hartford Stock Exchange iy HARTFORD nEROEN NEW BTN BurrikHotel Bidg. Hartford Conn. Trust BId3, Colony Bidg, We Offer and Recommend : AETNA LIFE INS. “Investments That Grow” Fuller, Richter, Aldrich & Co. NEW BRITAIN COMMERCIAL TRUST BUILDING MEMBERS HARTFORD STOCK EXCHANGE Joseph M. Halloran Tel. 1258 Harold C. Mots ness, Mrs, THE MARKET AT 2:30 P. M. (Furnished by Putnam & Co.) Low 268 of Maccabees and the auxiliary 10| of thig city and Geor, : : | and George A. Goodrich (Rev. William A, Harty branch. f or west Cromwell. J.f;-ff;».\g her are her husband, a| - Funeral services will be held at = : e CUC 0 S ithe home of her daughter, Mrs. {son, Iobert O'Brien; four sisters, | o =0 O o SRl f Chestnut street, this | Mrs. Catherine Caughlin and lebon s 3 |Tremont Barrows of New Britain, Yeinosday, attannoon fal 3 Mrs. Patrick Dinecn of Bristol, ) Jtev. William H. Alderson, IArthur Martin of Hartford; of the Trinity Methodist | broth John and Thomas of Bri WUl officiate. Burial will tol and William Glynn of I'arming-| V¢ in Fairview cemetery. ton. | Funcral services will be held at| |8t. Mary's church Wednesday morn- | ing at a time to be announced later by Undertaker Joseph A. Hatfe Burial will be Mary’s cem tery. Delaware is the second smallest state in the union. Its greatest length is less than 100 miles and | greatest width less than 35. At bne point it is only 9 miles wide. unchanged at 19.47 cents a gal- Zimman was noted for her unusual charity and she contribut. el frecly to worthy projects. She took an active part in fraternal organizations, and was a moving figure in the Ladies’ Aid society and the Congregation Brethren Sons of Israel Sisterhood of the Syna- gogue, Order of Hadassah, and the the associations connected with the Real Estate News At Current Levels of 54-38 o e American Phenix Corporation Is An Attractive Investment Earnings for 1928 were $254,000 including the equity in the earnings of its subsidiaries. This is at the rate of $4.24 per share on the present capitalization or $8.48 per share on the 30,000 shares outstanding for the major part of the year. Al Che & Dye 2 Am Ag Che pd American Can Am Forei Pw Am Loco . Am Sm & Re Am Sugar Am Tel & Tel Am Tobacco . Anaconda Cop Atchison Atlantic Refin Balt & Ohio Beth Brook Man Can Pac . i Cer De Pasco 108 116% a0 113% Warranty William H. Hart to sracl Wexler, | Hart street, John J. McLarney to Anna D. Mc- | Larney, Ridgewood strect. William H. Booth, et al, to W. J.! Morrin, West End avenue. | Mary Carmody to John Burak, Miller street. Morris Shapiro to Bessie Shapiro, Allen street, | M. Louise Edwards to William | and Alice Cashmore, Maple strect. Mortgage { Joseph Joseph to Savings Bank of New Britain 86,000, Cherry street. Ches & Ohio. 213 Joseph Joseph to Walter Petron- |C M & S Paul 32 CRI& Pac1 Chrysler Corp Colo Fuel Com'w'th Pow Congoleum Consol Gas Corn Prod Curtiss Aero Dav Chem Dupont . . Sunset occurs half an hour later on top the Woolworth building, and sunrise half an hour earlier New York city, than it does in the rest of the city, Arthur Tuck Arthur Tuck, 40 yea this morning in South End hospital, | Amityville, Long Island, where he ad been living in recent years. He was a nati of Boston and for | several years he lived on Wakefleld | Court. During this time he was & - vears old, | foreman at the Stanley Works. He Mler mom. | Was a veteran of the Spanish-Ameri- | | can war and was very active in Odd Iellow circles in this city during the | time he lived here. jella, et al, $4.500, Cherry street. | Surviving him are his wife, Beth | J. August Carlson to Rodney Carl- (Leist) Tuck; his mother and a |son $2,000, Newington avenue. brother, William Tuck of Boston. Sebastian Fragione, et al, to Sav-| Funeral arrangements are incom. |ings Bank of New Britain $2,800, | plete. pending a final decision as to | Carver street. where the remains will be taken. Mechanics Savings Bank to W. C. ——— Samuclson, Church and Fairview John Farrell street John Farrell, 65 years old, a na-| Bessie Shapiro to New Britain tive of New Britain and a resident | Trust Co. $500, Stanley street. Eng Pub here until 18 years ago when he | Drig RE moved to Springfield, died in that j e city last night. ke sl o For years he owned the property | -’F"’" Sy at North, Clark and Lee street which F l s s was purchased by the Consolidated | unerals GenlR 8 sphialLEER0 School district as a site for the Elthu | e bute Burritt school. Brsan O'Brien it b had heen | s only relative is Thomas Far- | pyyora) services for Bryan O'Brien | Gogirichy ire 423 making his home with his brother, | rell, former clothing merchant i | of 370 Washington street were helg | 1110%0 Motors 87% Andrew Stasiulewicz, at 139 Grove | 'his city whose home Is on Harrison | this morning at 4 olock at st [Int Comb. g PIes fiakesek | Mary's church whers a solemn high "} (oot - Besides his Lrother, Andrew, he| The remains will he brought here | naes of requiem was celebrated. | 1M . leaves another brother, Chester. in | for burial. It is expected that they | Rev. Walter J. Lyddy was cele- | .,};“"Nj Shenandoah, Pa, and a sister, Mrs. | will arrive tomorrow morning and J. | rant, Rev. Thomas ¥. Lawlor was |11t T¢! & Tel Joseph Palubiski. He was a member | M. Curtin & Co. will take charge. | deacon and Rev. Walter A. McCrann | Ken €op of §t. Boleslaus the Great society of | Burial will he in St. Mary's ceme- | was suh-deacon. Rlaciay ok Holy Cross church. | tory. As the remains were being borne [Marland Oil Funeral services will he held Wed- Mo Pac ...... nesday morning at Holy Cross Mont Ward into the church Grieg's funeral| march was played by Organist John | ; church at a time to be announced hy Nt € :fsh Reg 1 K. Blogoslowski (‘o., undertakers. N Y Central J. Crean. The sanctus and benedic- | old, dicd | 3815 121% .102 L% in St 1215 100% 70 23313 107 el Sczepan Syskowski Sczepan Syskowski, of 157 Grove sirect, a cl ber of Sacred Heart church and one of the oldest Polish residents in this city, died at his home last night. He was born in Poland hut came to this country 35 years For more than 20 years he was ployéd in Corbin Cabinet Lock plant. Besides his wife, Mrs. Caroline Syskowski, he leaves three sons, Sczepan, Jr., John and Edward Sys- kowski and five daughte Antoinette, Marion, Kazmie and Helen Syskowski. Funeral services will be held Wed- | nesday morning at 7:30 o'clock at the Sacred Heart church. Burial| will be in Sacred Heart cemete he | "% ago. | Report of the Conditien of ™ THE NEW BRITAIN TRUST CO. At the close of bLusiness on the 27th day cf March, 1920 RESOURCES 126% 24 Members of New York and Hartford Stock Exchanges 55 West Main Street New Britain Phone 258 Stuart G. Segar, Manager Loans and Discounts, $4.370.483.37 Overdrafts, 51.00 Bonds to secure Postal Eavings Deposita. 7,000.00 U. 8 Government Securities, 290,000.00 Other Becurities, RBanking House, 7 Furniture and Equipment, 16309.08 Other Real Estate, 161,936.00 Due from Federal Reserve Bank, 353,846.90 Due from Reserve Agents 29218042 from Banks and Bankers, 40.506.35 Cash on hand, 173,085.50 Checks, Cash ftems end Exchenges, 202810 Other Assets, Viz.:@ Uncoilected interest earned, Due from customers (letters of credit), Total Assets, We Offer: Automatic Registering Machine Prior Stock to Yield Currently Approximately 8 Per cent Price on Application. 7% . 48 . 66 Frank Stasiulewicz Frank Stasiulewicz, 4 died this morning at the ain General hospital. He $1,000,000.00 700,000.00 126,196.71 HINE BLASTS KILL % Capital Stock, Burplus, Undivided profits, (less expenses and tazes paid) Reserve for Interest, Taxes, etc. Due to Banks and Benkers, MEMBERS HARTFORD STOCK EXCHANGE New Britain National Bank Bidg. Savings Deposits, Pontal, Géneral Deposits, Certificates of Depostt, Treasurer's Checks, Certified Checks, Government_Deposits, Christmas Savipgs snd Thrift Funds Re-discounts, Other Liabilities. vix.: Letters of credit, 360.000.00 25,464.00 5,264,089.30 10,000.00 €406.67 4,650.00 | Burial will be in Sacred Heart ceme- | | tery. | Series of Explosions in Underground Workings Near Hasset, Limburg, Wojcleh Kostriewa Wojcieh Kostriewa, & years old, | died last night at his home, 41 Al- len street, following an illness of four year: He was last employed by P. & Takes Heavy Toll of Life. Brussels, April 1 (M—Twenty-four | | dead and 25 injured constituted the known toll today of a series of ex- tus were sung by Mrs®Crean and| Organist Crean. At the “Pie Jesu was sung by Mrs. Crean| and the organist played ‘“Jesus Lover of My Soul” at the com- munion of the mass. At the con-| clusion Mrs. Crean sang “Nearer| My God to Thee.” The pall bearers were Thomas| oftertory | N North North Amer .. Pacific 1027% Bernard A. Counley Tel. 5300. Brayton A. Porter. DIRECT PRIVATE NEW YORK PHONE CANAL 4517-8 Pack Mot Car 131 Par Fam Las.. Penn R R Phillips Pet Postum Co.... Radio Corp . We Offer: Unearned discount and interest, ;L(;4ria(.r;(¢,l_:'r;ht\,fl(;?::!ney\vv:‘::’v:elr'?pv‘x'{'E“mmron |senting Daly council, Knights n:‘fl""d“"t i l,‘gl\:l:\bus and Thomas and \\'11|Mx|v!§::“q R'\m;”m e Father McCrann conducted Sinclair 1\|} ... 403 committal services. HBurial was 1n :;’;‘T-‘:”k“fim St. Mary’s cemeter: \;v'“ l"”r o '_; k2 Mrs. Robert Robino “‘j"’ OIL=N T, St. Joseph's church was crowded|Stewart Warn to its capacity this morning hy the Studebaker many friends of Mrs. Robert Ro- ?_“M(-j Qo e hino of 10 Pine street who came lox,:‘"" ““m‘ ’:‘““'} pay a last tribute to her. Arequiem [‘“"'; b : high mass was celebrated at 10 o o'clock by Rev. John F. Donohue|Union Pac 5 with Rev. J. J. Keane as deacon, and | nion Carzid Rev. Father Robbins of the Pas- |l ":Pd "'AHI” sionist order of West Springtield us‘: - ',;’:MM- sub-deacon. As the body was borne into the U = ‘;TL hurch the organist, Frank Sullivan, i 1“‘"”_ rendered “Nearer My God to Thee.” | IS DL At the offertory James Sullivan| GB5 P07 0 - sang “Pie Jesu” and at the conc ltl-‘ <] sion of the mass he sang “1 Come to Thee.” As the body was borne| from the church the organist play- | ed Gounod's Funeral March 6f o, TS aNky e The pall bearers were John | :;;""\v,l,'. ey e B ||| Mastro. Peter Det Mastro, Peter| ¢ 1 . Aniello, James Mascolo, Joseph Ca- | Artna Casmalty cash those unused ur- || o) "y "Robert Ramino. [ Actna Life dns Co Palmer Bros .. ticles that are hidden Aetna Fire Peck, Stowe & Wil There was & weaith of floral 8 away in your attic,fli ¢ 0 | Automotile Ins ... 610 yasell Mfg Co . basement and closets. Committal services at the grave|Conn. General 23 scovill Mfg Co A little classified ad 1 ||| wore conducted by Rev. John F.|Hartford Fire ........1 Standind Beren the Herald will do the ||| fyonohye. Burial was in St. Mary's | Hartford Steam Boiler 830 gley Works . .. trick. ~ Yes, you can ||| cemetery. ational Fire 1400 Torrington Co . charge it. Call 925. Phasats Fire by e Travelers Ins Co .....1875 VesdebBoot a8 Manufacturing Stocks Public Utilities Stocks lina Barboza of 232 Washington|am Hardware . 67 \llied Pow & Light ... 36 strcet were held this morning at|Arrow-Hart & Hege Conn Elec Service ....105 10:30 o'clock at 8t. Mary's church.|Billings & Spencer . onn 1.t & P 5140, pfd 100 Rev. Thomas Lawlor was the cele- | Bristol Brass Conn Power .. brant of a requiem high mass. City Company .. Hfd Elec Lignt Mrs. Crean sang “Abide With |Colt's Arms .. s 1fd Gas Co com . Me" at the conclusion of the serv- RS ¢ |Hfd Gas Co pfd |ices. Burial was in St. Mary's ceme- \ B Gas s 7 tery. Southern N E Tel ....1 | Corbin Co., where he worked for 17 years. Surviving him are fonr sons John, Vincent, Joseph, and Edw and three daught Misses Mary, Julia, and Atna Kostrie He was | a member of the Name of Jesus go- ciely of the Sacred Heart church. Funeral services will be held to- | morrow morning at 7:30 o'clock at Sacred Heart church. Rurial will be in Sacred Heart cemetery, plosions in the winter slag coal mine near Haseelt, Limburg. Others were missing. A number of the injured were expected to die. « The first explosion occurred Sat-| |urday night at a depth of 2,000 feet. | Rescue parties were hampered by continuation of the explosions. Some bodies could be identified only by metal tags the men wore. If all the rain that fell on the carth during the course of a year could be gathered together at one time, it would cover the entire globe to an average depth of 29.13 inches. Total LiabMition ..c.coeue State of Conmecticut, County of Hartford, Conn. s New Britain, NATIONAL CITY BANK the L ¥. W. Macomber, Treasurer of the aforess!d New Brit- ain Trust Co., de solemnly swear that the foregoing statement 10 true to the best of my knowledge and bellef. F. W. MACOMBER. Treseurer. Subscribed and sworn to before me, thislst day of April, 1929, €. J. LAW, Notary Public. WILSON & CO. Investment Securities HARTFORD NEW BRITAIN 15 Pearl St. Tel. 2-7111 55 W. Main St. INTERNATIONAL PAPER COMPANY New Yock, M 13th, 199 ‘The Board of Directors have declared a reguisr quarterly dividend 3 q;rtnr: it 1 LR 3 vie ey mliaghs e o on the Camulative 6% Preferred of this Company, for the current quar- ter, payable April 15th, 1929, to of record at the close of business Tel. 5800 We Offer: ;Exlra Cash ALLIED POWER & LIGHT at housecleaning time comes in handy to pay the repairman, the car- penter, the paperhang- INVESTORS MUTUAL CORPORATION LOCAL STOCKS 3 L) & Investment Securities (Furnished by Putnam Del I Jusurance Stocks Bid 1850 Landers, F ... <N B Machine .. North & Judd . United Corp announces the opening of offices in Hartford in the Askid TREASURY BALANCE Treasury Ralance, $435,657.914 Owas Sasruzan, Vie-Prov. and Treas. INTERNATIONAL PAPER end POWER COMPANY New York, Merch 134, 15 HARTFORD-CONNECTICUT TRUST CO. BLDG. 750 MAIN STREET Telephone: Hartford 5-5676 éity Items Application for a marriage licens: has been made at the office of the town clerk hy Paul E. Formont of Brooklyn, N. Y., and Stena T. Sea- berg of 727 East street. Maurice J. Eschay of Richmond Mill, N. Y., was a guest of Raymond H. Horwitz of 1¢ tey strect the week Miss Fanzclina Barboza Funeral services for Miss Fanze- 48 Select Your Easter Flowers from @ Relisble Florist over Kitchen utensil manufacturers of Germany have standardized the various forms of kilchen ware. 3 West Main St “The Telegraph Florist of New Britain" Visit our Greeahouses st Maple Ml